Results tagged “business”
The Olympic Games are still over two years away but planning for what will happen on the Park after 2012 is well underway.
The Olympic Park Legacy Company was set up last year to oversee the long-term development of the area and its chairwoman, Baroness Ford, recently gave evidence to a House of Commons select committee about its plans.
Are you tired of that old off-the-peg suit you slip into for work every day but worry about the cost of having one tailor made in these straitened economic times?
Well, the answer could lie in the form of A Suit That Fits, an online tailor which recently opened in Canary Wharf.
When Paul Holland and Adam Purrier left Yell they didn't waste their expertise in online directories.
The pair set about developing a business directory of their own and a year on they have seen Wampit.com become one of the biggest online directories in the UK.
Britain can expect a budget within 50 days should the Conservatives win the General Election.
David Cameron made the pledge at an event at Thomson Reuters in Canary Wharf this morning as he outlined the Tories' plans to bring the UK out the current economic slump.
West Ham's financial performance has again overshadowed its on-field activities.
The club's latest annual accounts, published yesterday, detailed how the Hammers' debts - put at around £110million by co-chairman David Sullivan - accrued under its Icelandic former owners and it makes grim reading.
HSBC has reiterated its commitment to staying in Canary Wharf after revealing a jump in underlying profits last year.
The bank made a pre-tax profit of $13.3billion for 2009, an increase of 56 per cent on the previous year, but its reported profit before tax fell by 24 per cent to $7.1billion due to losses in its American operations.
The creation of Canary Wharf has been a towering success but the benefits of the booming business district have not always been felt in neighbouring communities.
To bridge the gap the Isle of Dogs Community Foundation has spent 20 years providing funding for essential services on the Island.
Barclays recorded a big jump in profits last year despite the recession.
The bank posted a year-end profit of £11.6billion before tax, an increase of 92 per cent on its 2008 figure. Most of that came from the £6.3billion sale of Barclays Global Investors and a strong performance from investment arm Barclays Capital.
Credit Suisse enjoyed a productive 2009, making a profit of 6.7billion Swiss francs last year.
The bank, which has its UK headquarters in Canary Wharf, has bounced back from a poor 2008, largely due to the strength of its private banking business and adopting a safer business model.
Hector Sants is to leave his job as chief executive of the Financial Services Authority in the summer.
The Wharf-based financial watchdog announced today that Mr Sants will step down after three years in the job, a period which has seen increasing criticism of the FSA's regulatory role, particularly when the credit crunch hit the banking sector in 2008.
"Sometimes I dream jewellery. I go to sleep and I dream designs", says Helen Erhabor, musing about a passion which has taken her from admin worker to international designer.
"Once I was dozing off and a train went past. I jolted awake and in that moment I saw a flash of a necklace in my head.
Its collapse came to symbolise the financial crisis and the last remnants of Lehman Brothers is set to disappear from Canary Wharf soon.
The failed bank's administrators will vacate Lehman's former headquarters at 25 Bank Street on March 31 and will stop paying rent on April 1.
Ratepayers in Canary Wharf, The City and Westminster are to pay a greater share of the business levy used to fund Crossrail.
Mayor of London Boris Johnson has announced that he is raising the threshold at which London businesses are required to contribute towards the £15.9billion project. Boroughs with a station will also pay a greater share.
The Wharf visits the London Chamber of Commerce and Industry, which is already considering the possible impact of a Tory government on the City
You don't get into power in Britain by winning an opinion poll in January.
That said, businesses are becoming aware that they might need to get to know the opposition in case there's a new landlord this summer.
HSBC chief executive Michael Geoghegan has warned of an exodus of bankers from Britain just days before he himself relocates to Hong Kong.
Mr Geoghegan criticised the Government's handling of the economy and attacked the introduction of the bonus tax, which he feels is doing more harm than good.
Whisper it quietly, but there are some promising signs for the capital's economy.
After a 2009 of fiscal woe, reports are starting to suggest that although the future is still fragile, business is beginning to recover.
A London networking group is on the hunt for the best PA in the capital.
The London Chamber of Commerce and Industry launched its PA of the Year 2009 competition last week, offering a luxury stay in New York to the winner.
Like countless other employees at recession-struck businesses, Citybunker worker Rita Asmanskaja was unaware that the end was near.
Just days before the Cannon Workshops golf bar was padlocked by bailiffs, the front of house worker was arranging events for Valentine's Day.
Bear Sterns proposed new home at 5 Churchill Place has been snapped up by a private investor based in Bermuda.
Canary Wharf Group sold its leasehold interest in the building for £208million this morning. The new owner is a limited partnership called 5 Churchill Place LP.
As the crunch continues to bite, students are looking towards businesses for their future careers with an increasingly nervous gaze.
But can businesses grab a lifeline by going back to college?
